Calculate Company Y's total asset turnover based on the following information for the current year: (Round...
Question H Calculate Company Y's total asset turnover based on the following information for the current year: (Round your final answer to two decimal places.) Net income $200,000 $110,000 $100,000 $500,000 Assets at the beginning of the year Assets at the end of the year Net sales O A. 4.55 O B. 5.00 O C. 4.76 O D. 1.90
Use the following information to calculate total asset turnover and return on asset. Net income:$15.0 million Sales: $68.0 million Total Assets at the beginning of the year:$14.6 million Total Assets at the end of the year: $17.1 million The total asset turnover and return on assets are: Select one: a. 4.53 and 95% b. 4.29 and 95% c. 4.29 and 9.5% d. 3.98 and 88%
29.Based on the following data for the current year, what is the inventory turnover Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $500,000 330,000 45,000 35,000 90,000 110,000 a. 3.3 b. 8.3 c. 3.7 3.0
Concord Company reported the following information: Total assets, beginning of year $ 125,000 Total assets, end of year 75,000 For the current year: Net sales 850,000 Gross margin 300,000 Net income 400,000 What is the company’s total asset turnover ratio for the current year? (Round your answer to 1 decimal place.)
based on the following data for the current year, what is the accounts receivable turnover? Nets sales on account during year $400,000 Cost of merchandise sold during year 300,000 Accounts receivable beginning of year 45,000 Accounts receivable end of year 35,000 inventory beginning of year 90,000 inventory end of year 110,000
Based on the following data, what is the accounts receivable turnover? Sales on account during year $600,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 13.3 2.6 20.0 15.0
Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $418,974 Cost of goods sold during year 165,391 Accounts receivable, beginning of year 42,206 Accounts receivable, end of year 46,725 Inventory, beginning of year 36,069 Inventory, end of year 44,506 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 0 1 35.1 04.1 O 2.5
QS 8-15 Computing total asset turnover LO A1 Aneko Company reports the following: net sales of $19,000 for Year 2 and $18,050 for Year 1; end-of-year total assets of $18,600 for Year 2 and $17,400 for Year 1. (1) Compute its total asset turnover for Year 2. Choose Numerator 1 Total asset turnover Choose Denominator: = Total asset turnover Total asset turnover 0 times (2) Aneko's competitor has a Total Asset Turnover 2.0. Is Aneko performing better or worse than...
1. Selected current year information for the Prosper Co. follows: Net income Net sales... Total liabilities, beginning-year ... Total liabilities, end-of-year......... Total stockholders' equity, beginning-year. Total stockholders' equity, end-of-year....... S 15.953 712.855 83,932 103,201 198,935 121.851 A. Calculate the total asset turnover ratio (3 points): B. Calculate return on total assets (3 points):
Computing Asset Ratios The following information relates to Nicke Inc. Total Fixed Total Net $ millions Assets Assets Revenue Income Fiscal Year 2016 $3,168 $19,256 $29,138 $3,384 Fiscal Year 2015 2,981 21,381 27,541 2,946 Fiscal Year 2014 2,551 16,735 Nicke's fiscal years 2016, 2015, and 2014, end on May 31, 2016, 2015, and 2014, respectively. Required a. Compute the asset turnover ratio for fiscal years 2016 and 2015. b. Compute the return on assets ratio for fiscal years 2016 and...